![](https://www.rcibank.co.uk/sites/default/files/styles/page_image_small/public/1st%20paycheque_2.png?itok=X5QKCNE7)
![image image](https://www.rcibank.co.uk/sites/default/files/RCI-Bank-Story-Inside-RCI-Mid-2500x1250_2_4.jpg)
![image image](https://www.rcibank.co.uk/sites/default/files/RCI-Bank-Story-Inside-RCI-Mid-2500x1250_2_4.jpg)
Our 95 Day Notice Account has a rewarding 1.40% interest rate, with unlimited access for additional deposits and withdrawals. Withdrawals, however, are subject to a 95-day notification period. Notice accounts are intended for savers who are looking for a higher return but don’t need (or want) immediate access to their money.
The experts at Savings Champion (1) wrote a recent article on the notice account market and the launch of our new product.
“Often overlooked but offering a compromise between tying your funds up for a fixed term and having immediate access to your funds, notice accounts could be an option to consider.
RCI is probably best known for its easy access Freedom Savings Account…this simplicity is something that RCI is extending to its new 95 day notice account, as it has pledged not to keep offering different issues – it will simply pay the same rate to all customers.
If this account behaves as the Freedom Savings account has and remains competitive, even if not market leading, then many may feel assured that they don’t need to be constantly reviewing and switching.”
So how does a 95 Day Notice account work? To make things easy for you, we’ve cut through the financial jargon to make it straightforward …
- What is a notice account?
The main feature of a notice account is that you must give us ‘notice’ of when you would like to make a withdrawal or close the account. For our account you will need to let us know 95 days in advance of taking the money out. Although the 95 Day Notice Account doesn’t have the immediate flexibility of an easy access account, it doesn’t require you to lock your money away like our fixed term accounts. In return, you earn a higher rate than on an easy access account.
- How do I decide what length notice account is best for me?
It’s all about the length of notice you can provide on accessing your savings compared to the interest rate you would like your savings to earn. Notice accounts with longer notice periods tend to have higher interest rates. We hope our account offers a good balance of both access and return!
- Are notice accounts safe?
All our savings accounts are covered by the FSCS (Financial Services Compensation Scheme) which means your money is protected up to £85,000 per account. Keeping your savings safe is our top priority.
- How much do I need to put in to open the account?
You’re able to open an account with a minimum deposit of £1,000 and can save up to £1 million.
- How do I apply for an account?
You can apply for an account online 24/7 and we’re usually able to open the account on the same day.
- How to make a deposit?
You can deposit money from your linked current account using one-off electronic payments and regular standing orders, as well as from existing RCI Bank accounts in your name. You can make as many deposits as you like. Cheques can only be used to make the first payment into a new account.
- How do I open an account?
Head over to our Notice Account page to open an account or if you have any further questions. We’re also here to help on 03456 056 050.
(1) You can read the full article by Anna Bowes here -: “Notice accounts fare better as savings rate cuts begin to hit”.
![](https://www.rcibank.co.uk/sites/default/files/styles/page_image_small/public/1st%20paycheque_2.png?itok=X5QKCNE7)
![](https://www.rcibank.co.uk/sites/default/files/styles/page_image_small/public/Half%20term%20blog%20image%20-%20children%20baking_0_0.jpg?itok=RFW_JxJL)
![](https://www.rcibank.co.uk/sites/default/files/styles/page_image_small/public/Half%20term%20blog%20image%20-%20children%20baking_0_0.jpg?itok=RFW_JxJL)
![](https://www.rcibank.co.uk/sites/default/files/styles/page_image_small/public/iStock-590062300.jpg?itok=RqGWuqOj)